Written question asked by Lord Empey (Ulster Unionist Party) on Wednesday, 10 February 2021, in the House of Lords. It was due for an answer on Wednesday, 24 February 2021. It was answered by Lord Ahmad of Wimbledon (Conservative) on Wednesday, 24 February 2021 on behalf of the Foreign, Commonwealth and Development Office.

Libya: Freezing of Assets

Question: To ask Her Majesty's Government what assessment they have made of the dispute between the government of Belgium and the Libyan Investment Authority over access to frozen Libyan assets in Belgium.

Answer: United Nations Security Council Resolution 1970 (2011) decided that all Member States shall freeze assets owned or controlled by individuals or entities listed by the Libya Sanctions Committee. The Resolution also expresses the Council's intention to ensure that assets frozen shall at a later stage be made available to and for the benefit of the people of the Libya. UNSCR 1970 sets out exemptions to the asset freeze. All exemption requests require full and careful compliance with relevant processes and procedures outlined in UNSCR 1970.

Secondary information

Type: Written question
Reference: HL13254
Session: 2019-21
Related items: Libya: Corruption
Tuesday, 25 January 2022
Written questions
House of Lords
Subjects: Libya Belgium Freezing of assets
Link: View this Written question on www.parliament.uk